Papertech Inc. signs licensing agreement for the products covered under the champion patents

Vancouver, BC - 07, December 2009:

Papertech Inc., today announced that it signed a License Agreement with Monitoring Technology Corporation (MTC), to develop, manufacture and commercialize the Licensed Products under the Champion Patents. Under the terms of the agreement, which closed on October 26, 2009, Papertech is licensed to sell its full range of WebVision® web monitoring and inspection solutions to paper mills around the world.

Champion International Corp. (now International Paper Co.) beginning in March, 1995 filed a series of patent applications "System for monitoring a continuous manufacturing process", which was subsequently approved in February, 1998 under the US Patent 5717456. Further patents were filed around the world (19 in total) and are now in force in several countries such as Canada, France, Mexico, Germany, Sweden and Chile.

A web monitoring system (WMS) comprises of a network of high-speed video cameras linked to a computer running specialized software that controls the acquisition, storage and synchronization of video from each of the cameras. Papertech's WebVision® Digital product, when combined with a web inspection (WIS) solution, such as Papertech's WebInspector™ product, provides a total machine vision integrated solution to resolving various paper break, defect and other paper machine production and quality robbing issues. TotalVision™ WMS product, with its WIS solution, now automatically identifies and classifies defects, and then rapidly allows the papermaker to identify the root cause of the defect all the way to the wet-end of the paper machine.

"The License Agreement ensures Papertech customers around the world are receiving the best possible camera solutions using all available patented products to optimize their production processes" said Kari Hilden, President of Papertech Inc. He further clarified "Our suite of solutions for solving production and quality issues - complemented with the Champion Licensing Agreement will better-enable us to continue to innovate and evolve our solutions for the growing needs of production organizations worldwide".

About Papertech Inc.

Papertech Inc. founded in 1992, is the pioneer of high speed camera technology for paper machine optimization and troubleshooting. Today we are the most experienced and widely used supplier of digital event capturing camera technology in the industry. Our advanced WebVision® Digital system, together with WebInspector®, offer papermakers a comprehensive TotalVision™ platform, the fastest and most complete way of solving breaks and other quality related issues. Our applications now span all paper & tissue grades, various converting operations, as well as steel, nonwoven and other industries. There are now over 450 WebVision systems in 33 countries.

Contact Information:

Kari Hilden
President
Papertech Inc.
245 Fell Avenue,
North Vancouver, British Columbia, Canada, V7P 2K1
+1-604-990-1600